Company registration number 10804553 (England and Wales)
AMORE LIVING LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
PAGES FOR FILING WITH REGISTRAR
AMORE LIVING LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
AMORE LIVING LTD (REGISTERED NUMBER: 10804553)
BALANCE SHEET
AS AT
30 JUNE 2023
30 June 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,278
1,704
Investment property
4
190,659
190,659
191,937
192,363
Current assets
Debtors
5
8,059
9,964
Cash at bank and in hand
3,158
18,135
11,217
28,099
Creditors: amounts falling due within one year
6
(145,513)
(152,622)
Net current liabilities
(134,296)
(124,523)
Total assets less current liabilities
57,641
67,840
Creditors: amounts falling due after more than one year
7
(136,529)
(138,076)
Net liabilities
(78,888)
(70,236)
Capital and reserves
Called up share capital
2
2
Distributable profit and loss reserves
(78,890)
(70,238)
Total equity
(78,888)
(70,236)

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

AMORE LIVING LTD (REGISTERED NUMBER: 10804553)
BALANCE SHEET (CONTINUED)
AS AT
30 JUNE 2023
30 June 2023
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 18 January 2024 and are signed on its behalf by:
Mr M R Hawkes
Director
AMORE LIVING LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
- 3 -
1
Accounting policies
Company information

Amore Living Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 19-21 Swan Street, West Malling, Kent, ME19 6JU.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Going concern

Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Revenue represents rental income received during the period.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss. Investment properties are not subject to depreciation.

AMORE LIVING LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
- 4 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
2
2
3
Tangible fixed assets
Fixtures and fittings
£
Cost
At 1 July 2022 and 30 June 2023
7,182
Depreciation and impairment
At 1 July 2022
5,478
Depreciation charged in the year
426
At 30 June 2023
5,904
Carrying amount
At 30 June 2023
1,278
At 30 June 2022
1,704
4
Investment property
2023
£
Fair value
At 1 July 2022 and 30 June 2023
190,659

Investment property comprises property at fair value of £190,659. The fair value of the investment property has been arrived at on the basis of a valuation carried out by the directors best estimates. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

AMORE LIVING LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
- 5 -
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
-
0
1,511
Other debtors
8,059
8,453
8,059
9,964
6
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
2,500
2,500
Trade creditors
-
0
2,340
Other creditors
143,013
147,782
145,513
152,622
7
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
136,529
138,076

The bank loans are secured against the property in the Company's name by way of a fixed and floating charge.

8
Non-distributable profits reserve
2023
2022
£
£
At the beginning of the year
-
10,924
Non distributable profits in the year
-
(10,924)
At the end of the year
-
-
9
Related party transactions

Within other creditors is a balance of £26,010 (2022: £26,620) owed to a connected company.

AMORE LIVING LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
- 6 -
10
Directors' transactions

Included within other debtors is an amount owed from the directors in the sum of £7,906 (2022: £8,453).

 

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